ANSR Hackett Grp., Inc.(The) (MM)

Maybe it no longer ranks as high on the corporate agenda, or maybe it�s just become harder. In any event, Europe�s largest public companies failed to squeeze any meaningful amount of cash out of their working capital in 2005, following two years of solid improvement. Data from 70 sectors compiled for CFO Europe by Hackett-REL shows that Europe�s 1,000 largest public companies trimmed their days working capital (DWC) last year by just 0.6% on average � to 44.3 days � compared with 3.3% in 2004 and 5.1% in 2003. Click Here to Link to Full Text of Article or visit the following URL: http://www.cfoeurope.com/displayStory.cfm/7853891 Visit The Hackett Group�s �In the News� archive for a more coverage of Hackett�s research and insights in leading business and trade publications. Click Here to Link to Hackett �In the News� Press Coverage Archive or visit the following URL: http://www.thehackettgroup.com/press/ About The Hackett Group The Hackett Group (www.TheHackettGroup.com), a strategic advisory firm and an Answerthink company (NASDAQ:ANSR), is a world leader in best practice research, benchmarking and business transformation services that empirically define and enable world-class enterprise performance. Through the acquisition of REL Consultancy Group, a global leader in generating cash improvement from working capital, we offer Hackett-REL Total Working Capital services to liberate cash flow from operations through improved working capital, reduced costs and increased service quality. Hackett-REL has helped clients in more than 60 countries free up over $25 billion through working capital improvements in the last 10 years alone. Only The Hackett Group empirically defines world-class performance in sales, general and administrative (SG&A) and supply chain activities with analysis gained through 3,500 benchmark studies over 14 years at 2,100 of the world�s leading companies. Our clients comprise 97% of the Dow Jones Industrials, 77% of the Fortune 100 and 90% of the Dow Jones Global Titans Index. Maybe it no longer ranks as high on the corporate agenda, or maybe it's just become harder. In any event, Europe's largest public companies failed to squeeze any meaningful amount of cash out of their working capital in 2005, following two years of solid improvement. Data from 70 sectors compiled for CFO Europe by Hackett-REL shows that Europe's 1,000 largest public companies trimmed their days working capital (DWC) last year by just 0.6% on average -- to 44.3 days -- compared with 3.3% in 2004 and 5.1% in 2003. Click Here to Link to Full Text of Article or visit the following URL: http://www.cfoeurope.com/displayStory.cfm/7853891 Visit The Hackett Group's "In the News" archive for a more coverage of Hackett's research and insights in leading business and trade publications. Click Here to Link to Hackett "In the News" Press Coverage Archive or visit the following URL: http://www.thehackettgroup.com/press/ About The Hackett Group The Hackett Group (www.TheHackettGroup.com), a strategic advisory firm and an Answerthink company (NASDAQ:ANSR), is a world leader in best practice research, benchmarking and business transformation services that empirically define and enable world-class enterprise performance. Through the acquisition of REL Consultancy Group, a global leader in generating cash improvement from working capital, we offer Hackett-REL Total Working Capital services to liberate cash flow from operations through improved working capital, reduced costs and increased service quality. Hackett-REL has helped clients in more than 60 countries free up over $25 billion through working capital improvements in the last 10 years alone. Only The Hackett Group empirically defines world-class performance in sales, general and administrative (SG&A) and supply chain activities with analysis gained through 3,500 benchmark studies over 14 years at 2,100 of the world's leading companies. Our clients comprise 97% of the Dow Jones Industrials, 77% of the Fortune 100 and 90% of the Dow Jones Global Titans Index.